When a government agency allocates, it means the agency
a: adds up the sum total of its funds.
b: delegates who is going to perform certain tasks.
c: decides how things should be distributed.
d: gives away its ideas and products.

On a supply and demand graph, equilibrium is the point where the two curves meet. the supply curve begins. the supply curve ends. the demand curve ends.

Use statistics below to create a graph titled businesses in the united states, 1997-2003. use information from your graph and from figure 3.1 on page 71 to write a generalization about businesses in america free enterprise system.

Mankiw attributes – chapter 1 and his 10 principles – differences in living standards within a countryover time and across countries at a moment in time to: a. the presence or absence of inflation and unemployment.b. the allocation of resources between private markets and the public sector.c. those that have dealt successfully with the efficiency v. equality tradeoff and those that haven’t.d. differences in productivity.e. ones that think at the margin and respond to incentives and those that don’t.